RealTime IT News

BidPay.com Offers Money Orders Online

BidPay.com has launched a new patent pending service that makes online auction transactions more efficient by offering money orders for sale on the Internet.

The seller has the option to send the goods before the money order arrives once they receive an e-mail confirming that the funds are on their way. The company said its focus is on auction sites, such as eBay and Amazon, and is planning to expand to other e-commerce markets.

In addition, BidPay makes its services available to customers outside of the U.S. -- if a seller requests payment in the form of a money order, non-U.S. residents can now purchase money orders in the correct currency.

"Online auctions were only lacking in one area and BidPay.com has responded by offering money orders on the Internet," said Stephen Chin, president of BidPay. "We created the company to simplify the payment process after the auction has ended and speed up the overall transaction time."